Motorcycles expected to launch in India in the first quarter of FY 2019-20 – Overdrive

Car and motorcycle manufacturers in India are all gearing up to launch their new offerings in the next couple of months. While the overall sentiment might have been dampened with the recent price hike announcements by different manufacturers owing to rise in input costs and growing inventory costs, companies will be countering these factors with new launches. We have already told you about the car that are expected to be launched in Q1 FY 2019-20, here is a list of all the exciting motorcycles that are expected to arrive in the first quarter of  the financial year 2019-20.

KTM 790 Duke

Clearly, the most anticipated from this bunch is this very motorcycle. The upcoming KTM 790 Duke will be a CKD motorcycle and 100 units of the bike have already landed at the company’s Akurdi plant for research and development and service training purposes. The engine components and cycle parts of the bike will be imported while the other parts such as the headlamp, levers etc will be sourced from local manufacturers. Powering the middleweight 790 Duke is the newly developed 799cc LC8 liquid-cooled parallel-twin engine 104PS and 87Nm of torque. The engine will come mated to a six-speed gearbox with a two-way quick shifter.The KTM 790 Duke takes on the likes of Kawasaki Z900, Triumph Street Triple S and the Ducati Monster 797. More details on the KTM 790 Duke can be read here.

How much? Rs 7.5 lakh, expected

When? April 2019

Hero XPulse 200 and XPulse 200T

The Hero XPulse houses the platform borrowed from the Hero Xtreme 200R, but we believe the chassis has gone under heavy modification to sustain the motorcycles off road capabilities. The bike will sport stronger engine mounts and a revised steering geometry and will use the engine as a stressed member. The more hardcore variant of the Xpulse is equipped with 21-inch front wheel size and a wire spoke rims shod with CEAT gripp XL tyres. The bike also gets a flying mudguard and fork gaiters as standard. The headlamp assembly houses a halogen unit with LED DRLs. The Xpulse has an offset front axle with a long travel suspension to improve its off- road capabilities. Details on the Hero XPulse here,

How much? Rs 1.05 lakh, expected

When? April 2019

Triumph Scrambler 1200

The motorcycle uses a 1,200cc twin cylinder motor off the Triumph Thruxton R but in a torquier state of tune. Triumph says that the Scrambler 1200 boats their most potent tune for the 1,200cc engine now. The odd bit is that they’re calling it a “crossover” that blends classic or retro design elements with the format of the adventure tourer. And while the Ducati Scrambler Desert Sled is the fairly obvious target, the Triumph Scrambler is built on Bonneville base elements and not on the Triumph Tiger. There will be two models. The base Triumph Scrambler 1200 XC and the fully-loaded, more off-road friendly XE. Details on the Triumph Scrambler 1200 here.

How much? Rs 12-15 lakh, expected

When? June 2019

2019 Yamaha YZF-R3

Though the platform remains essentially the same as its predecessor the YZF-R3 now gets new cycle parts – an upside-down fork setup in the front. The clip-on handlebars of the new Yamaha YZF-R3 have been mounted lower than that of its predecessor. That said, with the new triple clamp, and a revised head-stock assembly the bike does have a revised steering geometry. The foot pegs are pulled further back and are raised to offer a more committed rider’s triangle. The tail section of the new motorcycle is upswept hinting at a redesigned subframe. Read more about the 2019 Yamaha R3 here.

How much? Rs 3.5 lakh, expected

When? May 2019

Suzuki Gixxer 250

The Gixxer 250 is expected to be a derivative of the Hajou DR 300, a motorcycle built by Suzuki’s Chinese partner. The Gixxer 250 is expected to get styling similar to this bike. The mechanical changes expected are more mainstream fork suspension set up and new tyres. The engine will be a newly developed air and liquid cooled 250cc unit with roughly 22PS. The Gixxer’s street naked styling and its mechanical package will make it a rival to the Yamaha FZ-25. Some bits from the Gixxer 150 are also expected to make its way to this bike mainly in the form of the instrument cluster. Other expected features are LED head and tail lamps. ABS will be fitted as standard, given the upcoming norms. More details on the Suzuki Gixxer 250 here

How much? Rs 1.35 lakh, expected

When? June 2019

2019 Honda CBR 650R

The all-new Honda CBR 650R comes equipped with a 649cc liquid cooled four-cylinder, DOHC 16-valve engine. This motor produces an impressive 95PS at 12,000rpm and generates 64Nm at 8,500rpm. Compared to the CBR 650F, that is an increment of 5 per cent. Honda also mentions that special attention has been given to the way the engine sounds that now produces a more sporty note compared to the previous. The 2019 Honda CBR 650R comes equipped with assist/slipper clutch and Honda Selectable Torque Control (HSTC) that maintains rear wheel traction and can be switched off whenever needed. The chassis design too has been updated that made the overall bike lighter by 6kg. It also comes with new, adjustable 41 mm Showa Separate Fork Function (SFF) USD forks that offer superior suspension response. Doing braking duties is the dual-channel ABS setup with dual radial-mount calipers on the front and a single-piston rear caliper. More details on the 2019 Honda CBR 650 R here

How much? Rs 8 lakh, expected

When? April 2019

2019 BMW S 1000 RR

The new-generation BMW S 1000 RR was showcased at the EICMA 2018 show. The superbike gets a slimmer profile for the tank and the seat which, as claimed by BMW Motorrad, has improved the seating geometry for both track and road use. The new chassis is suspended by a new suspension that claims better handling and traction performance. As before, the S 1000 RR can also be optioned with an electronic suspension which now features an improved valve control technology for quicker operation on the track. The 2019 BMW S 1000 RR will compete with the likes of the Aprilia RSV4, Yamaha R1, Kawasaki ZX-10R, Honda Fireblade and the Ducati Panigale V4. We have already ridden the 2019 BMW S 1000 RR and here are our initial impressions

How much? Rs 19.5 lakh, expected

When? June 2019

2019 Bajaj Dominar

The 2019 Bajaj Dominar gets new USD (upside down) front forks. These look identical to the unit on the KTM 390 Duke and appears to be of similar dimensions. The other apparent change is the exhaust system that now features twin-port exhaust canisters. The alloy wheels on the newer motorcycles are painted in single tone colour instead of silver outlined spokes on the earlier one. The current Bajaj Dominar was powered by a 373.5cc liquid-cooled single cylinder engine and produced 35PS and 35Nm, however, the engine in the 2019 Dominar is now tuned to produce 39PS at 8,650rpm which is a substantial increase over its predecessor. Here’s our first impressions of the 2019 Bajaj Dominar 400

How much? Rs 1.7 lakh, expected

When? April 2019

Ducati Multistrada 1260 Enduro

The engine debuted on the Ducati XDiavel before finding its way onto the Multistrada 1260 and offers a slightly higher 158PS along with 127Nm. Even more impressive though is the fact that 85 percent of the peak torque is now available below 3,500rpm! Torque offered at 5,500rpm is up by 17 percent as well we’re told, so expect even more ballistic performance all round. The bi-directional quickshifter from the Multistrada 1260 has made its way onto the Enduro along with Bosch’s six axis IMU, which brings with it rider aids like DWC (Ducati Wheelie Control), Bosch cornering ABS and not to mention, DTC (Ducati Traction Control). We have already ridden the 2019 Ducati Multistrada 1260 Enduro.

How much? Rs 19 lakh, expected

When? April 2019

MV Agusta Turismo Veloce 800

The Turismo Veloce borrows its 798cc inline triple from the F3 800 and the Rivale but runs a detuned spec making 125PS at 11,600rpm and 84Nm of peak torque. The rider can, as has become normal now, switch engine modes to alter throttle response, peak power
Introducing the new powerful 1.5L engines.
and torque as well as the nature of the rev limiter. The clutch is cable actuated but there is no slipper clutch. Further, there is a ride-by-wire throttle, traction control, wheelie supression, ABS, a quick shifter as well as semi-active suspension on the top model, the Lusso. More details on this exotic adventure tourer here.

How much? Rs 18 lakh, expected

When? June 2019

Price (Ex-Delhi)
Starts Rs 20,99,000

Displacement
1000cc

Transmission
6-Speed

Max Power(ps)
201.00

Max Torque(Nm)
115.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 1,63,075

Displacement
373cc

Transmission
6-Speed

Max Power(ps)
35.00

Max Torque(Nm)
35.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 16,45,000

Displacement
999cc

Transmission
6-Speed

Max Power(ps)
160.43

Max Torque(Nm)
112.00

Mileage
17.85 Kmpl

Price (Ex-Delhi)
Starts Rs 18,05,000

Displacement
999cc

Transmission
6-Speed

Max Power(ps)
198.00

Max Torque(Nm)
113.00

Mileage
16.95 Kmpl

Price (Ex-Delhi)
Starts Rs 8,08,000

Displacement
803cc

Transmission
6-Speed

Max Power(ps)
73.00

Max Torque(Nm)
67.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 15,95,000

Displacement
1262cc

Transmission
6-Speed

Max Power(ps)
158.20

Max Torque(Nm)
129.50

Mileage
19.23 Kmpl

Price (Ex-Delhi)
-NA-

Displacement
1262cc

Transmission
6-Speed

Max Power(ps)
158.30

Max Torque(Nm)
128.50

Mileage
18.18 Kmpl

Price (Ex-Delhi)
Starts Rs 14,57,000

Displacement
1103cc

Transmission
6-Speed

Max Power(ps)
214.00

Max Torque(Nm)
124.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 7,27,000

Displacement
803cc

Transmission
6-Speed

Max Power(ps)
73.00

Max Torque(Nm)
67.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 16,53,000

Displacement
1262cc

Transmission
6-Speed

Max Power(ps)
158.00

Max Torque(Nm)
129.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 89,900

Displacement
200cc

Transmission
5-Speed

Max Power(ps)
18.40

Max Torque(Nm)
17.10

Mileage
39.9 Kmpl

Price (Ex-Delhi)
Starts Rs 7,68,000

Displacement
948cc

Transmission
6-Speed

Max Power(ps)
125.00

Max Torque(Nm)
98.60

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 2,35,931

Displacement
373cc

Transmission
6-Speed

Max Power(ps)
43.50

Max Torque(Nm)
37.00

Mileage
25.00 Kmpl

Price (Ex-Delhi)
Starts Rs 77,015

Displacement
155cc

Transmission
5-Speed

Max Power(ps)
14.80

Max Torque(Nm)
14.00

Mileage
63.50 Kmpl

Price (Ex-Delhi)
-NA-

Displacement
1200cc

Transmission
6-Speed

Max Power(ps)
90.00

Max Torque(Nm)
110.00

Mileage
20.49 Kmpl

Price (Ex-Delhi)
Starts Rs 11,13,000

Displacement
765cc

Transmission
6-Speed

Max Power(ps)
123.00

Max Torque(Nm)
77.00

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 95,000

Displacement
149cc

Transmission
5-Speed

Max Power(ps)
13.20

Max Torque(Nm)
12.80

Mileage
-NA-

Price (Ex-Delhi)
Starts Rs 3,48,000

Displacement
321cc

Transmission
6-Speed

Max Power(ps)
42.00

Max Torque(Nm)
30.00

Mileage
-NA-

Jawa 42 & Classic motorcycles’ first deliveries begin in India – CarToq.com

Jawa has finally started the deliveries of their products in India after a long wait. The dealerships across India have started delivering the bikes – Jawa and Jawa 42. Currently, there are 105 outlets across India and the deliveries have started at all of them.

Jawa 1

Currently, Jawa will only deliver the non-ABS version of the bikes and from June 2019, Jawa will start the deliveries of the dual-channel ABS models. It should be noted that Jawa started taking official bookings last year and the brand received an overwhelming response from the market. The online bookings of the bikes had to be shut down due to demand for the bikes. However, the bikes can be booked and experienced at the Jawa showrooms across India. The Jawa bikes are currently sold out but customers can book them through the dealerships. The current bookings will be delivered to the customers by September 2019.

All the Jawa bikes are available with standard front disc brake and rear disc brake with single-channel ABS unit. However, Jawa also offers a rear disc dual disc version of the bikes in the market. Jawa 42 with single-channel ABS is priced at Rs. 1.55 lakh. The dual-channel version costs Rs 1.64 lakh. The Jawa is priced at Rs. 1.64 lakh for the single-channel version and the dual disc with dual channel ABS costs Rs 1.73 lakh.

Both the bikes are powered by the same 293cc, single-cylinder, air-cooled engine. It generates a maximum power of 27 Bhp and 28 Nm of peak torque. This is the same engine that powers the Mahindra Mojo but Jawa has tweaked the engine to make the low-end quite juicy. Looks-wise, the Jawa bikes look quite good and keep the Jawa DNA alive.

Both Jawa and the 42 follow the vintage design that brings back good memories of the time when Jawa bikes were available in the Indian market. The Jawa bikes will take directly on the Royal Enfield bikes in the Indian market. Royal Enfield is currently the best-selling brand in the above 300cc segment in India.

Jawa 2

Jawa motorcycles earlier announced that they plan to sell more than 7,500 units of the bikes every month. Jawa has not officially revealed the number of bookings but it sure is pretty high, which is why the current backlog of orders will clear by September. Jawa showcased a custom bobber in their line-up during the launch, which is known as the Jawa Perak. The bike was expected to be launched in the market soon but now Jawa has pushed the launch to the end of the year due to the high demand in the market.

The Jawa brand is now owned by Classic Legends, which is partly owned by Mahindra, Boman Irani and Anupam Thareja. Classic Legends also own the BSA brand and may launch bikes under the BSA name in the future.

Images courtesy JawaMotorcyclesIndore

Indian Crypto Exchange Coindelta Ceases Operations as Government Stays Inconclusive on Regulation – Coingape

India is the world’s second most populous country and with this population, the country has the power to change the face of any industry. But it has chosen to stay away from cryptocurrency and has ignored the latest innovation. This has led to a collapse of a few crypto businesses and the latest addition to this list is that of Coindelta.

End of Coindelta- Delay in policy claims one more calamity

Coindelta is an Indian company which operates cryptocurrency wallets and exchange platform which allows people to buy and sell cryptocurrencies. Its been 16 months since the exchange was in operation but with the RBI-ban on providing the rupee support to crypto businesses and the long-lasting court battle which is still to come to a result, the exchange is now forced to cease operations.

In the recent medium announcement Coindelta’s founder, Shubam Yadav, announced that the exchange will no longer be able to provide exchange services for cryptocurrencies. According to the post “All the markets will be suspended at 2:00 PM on March 30, 2019, and the exchange will cancel all open orders at 2:00 PM and funds will be returned to the users’ wallets. Although the wallet services will continue until April 29, 2019, with a 30-day period for users to withdraw funds.  To quote him from the post

“Much to our regret, we will no longer be able to provide exchange services for cryptocurrencies. It has been really difficult for us to operate Coindelta exchange for the last 6 months. The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services. There has not been any significant progress in the Supreme Court case which makes it difficult to predict when we will see the regulation”

 

Bitbns & WazirX jumps for the rescue!

Within hours of the Coindelta announcement, Bitbns, another popular exchange has come to rescue Coindelta users. In a medium post on the bitbns channel, the exchange announced that it is here to rescue Coindelta users migrate their funds to Bitbns. The exchange also announced that it will be waiving off/refunding any fee incurred while depositing funds to Bitbns from any other cryptocurrency exchange across the world. This meant any user can transfer funds from any crypto exchange to Bitbns without bearing any transfer charges.

The other rule for the offer is that the fees will be refunded only for 1st deposit transaction for each token during the offer period. According to the offer, the exchange will also refund user who deposits cryptocurrency of worth 25K.

WazirX Another Cryptocurrency Exchange in India Also announced a 100% withdrawal fee refund for Coindelta users.

Growing rage in Indian crypto community

The growth of Indian crypto industry has been crippled since The Reserve Bank of India (RBI) ordered financial institutions to stop dealing with cryptocurrency businesses last year, with a ban coming into effect on July 5. The government and India’s Supreme Court have since wrestled with whether that ban is proper, holding hearings and postponing crucial decisions as the debate ensued. March 29th was supposed to be the date of final hearing on this matter but now even that has move to early July which presumably is because of the upcoming general elections in the country.

This continuous delay and calamities of exchange like Zebpay and now Coindelta has raged the Indian crypto community. Tweets have emerged from various supporters calling the government’s move as shameful also calling for “no vote” movement.

Tweet

Well the industry is facing the music in India and if the government doesn’t support, the industry will be languishing and we may seem more businesses going off.

Will the government support the industry or will it keep avoiding it bringing innovation to an abrupt end? Do let us know your view.

Summary

Indian Crypto Exchange Coindelta Ceases Operations as Government Stays Inconclusive on Regulation

Article Name

Indian Crypto Exchange Coindelta Ceases Operations as Government Stays Inconclusive on Regulation

Description

India is the world’s second most populous country and with this population the country has the power to change the face of any industry. But it has chosen to stay away from cryptocurrency and has ignored the latest innovation. This has led to a collapse of a few cryptobusiness and the latest addition to this list is that of Coindelta.

Author

Nilesh Maurya

Publisher Name

Coingape

Publisher Logo



The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


Royal Enfield Himalayan FI: A Sceptic Gets Converted – ZigWheels.com

http://www.zigwheels.com/

Full Disclaimer: I was never a huge Royal Enfield fan; however, over the 1,000-odd kilometres that I covered during the Coastal Trail aboard the Himalayan, I fell in love with it.

Now, here’s some back story. I was earlier informed that the bike accompanying me for the 2019 Coastal Trail would be an Interceptor 650. Naturally, I was as excited as a little girl who got her first pony, specially because I’d heard rave reviews for the bike. Ok, maybe that’s a bit much, but you get the drift.

Unfortunately, a week later I was told I would be given a RE Himalayan Fi instead of an Interceptor 650. Bummer, right? Well, believe me when I say this, I was naive to think that the Himalayan wouldn’t be as fun as the Interceptor. And boy was I wrong! The next week I spent in the Himalayan’s saddle would change my perception not just about the motorcycle but the brand as a whole. The bike I’d been riding came pre-fitted with Royal Enfield’s GMA (Genuine Motorcycle Accessory) parts such as panniers, a braced aluminium handlebar, CNC machined bar end weights and an engine guard. Perfect touring add-ons!

http://www.zigwheels.com/

My first day with the bike started off with a short ride to Chola, Goa. We meandered through narrow backroads that led us to a proper off-road section measuring around a kilometre and a half in length. The terrain had steep inclines, descents and rocky sections that’ll put your bike’s abilities to the test. Since this was my first time attempting anything of this sort, I (wisely) decided to take it slow and steady. The weight takes some getting used to, so I tried to get a feel of the bike first. And despite my lower than average off-road skills, I managed to keep the bike upright at all times.

http://www.zigwheels.com/

It’s the Himalayan’s turf, and the bike didn’t shy away from showing its off-road prowess. I stood tall on its serrated footpegs and manoeuvred the bike through a maze of rocks. It felt easier thanks to the wider handlebars our bikes were equipped with. While I negotiated the terrain, the softly tuned suspension surfed over undulations without any trouble. On the other hand, there were instances where the tail slid from side to side due to loose sand. A small panic attack and a wee later, the dual-purpose tyres dug into the soil, giving me some much-needed grip to regain control of the situation. It’s safe to say that the off-road capabilities of the Himalayan makes even an average Joe like me feel like a G.O.A.T.

However, it’s a slightly different story on the tarmac. Sure, the bike is a good tourer and with the optional panniers, it’s even more versatile. But while there’s ample torque to feed the tyres off-road, it doesn’t have the grunt to fly by on the highways.

http://www.zigwheels.com/

Long winding stretches of tarmac led us to Mangalore. And though the bike sat comfortably at 100kmph, it felt a bit strained when you pushed past it. That said, if you’re not throttle-happy like I am, the bike’s a hoot to ride on the open roads. I simply kept the throttle pinned as I munched in the miles and soaked in the magnificent views the journey had to offer. The extended duration on the saddle also made me realise it’s a tad bit too soft for my liking. But there’s a workaround to this: just stand up and ride! Yes, you’re sure to get strange looks from people who aren’t used to seeing this. But you could always wave out to them or throw peace signs to dial down the awkwardness. It worked for me!

http://www.zigwheels.com/

Another noteworthy memory was our time riding along the beach in Murudeshwar. Most of us were just cruising and exploring the beach, while some took the pleasure of slicing through the creeping ocean waters. When everyone was busy doing their own thing, I rode around aimlessly along the shoreline, gazing at the ocean and looking at the boundless beach that lay in front of me.

http://www.zigwheels.com/

Cruising around at relatively high speeds on the beach made me realize how planted the bike felt despite the undulations and occasional water shenanigans. This could be attributed to the extra weight of the panniers, but I’m giving the bike the benefit of doubt. Apart from this, the optional bar-end weights helped tone down the vibes on the handlebars and kept the handle arrow straight with minimal inputs from my side. Impressive indeed! The trade-off is on the tarmac where the bike feels a bit unsettled in mid-corner bumps thanks to its softly sprung suspension setup and the added weight of the panniers.

http://www.zigwheels.com/

Speaking of panniers, I didn’t use them for the first two days since I was under the impression that my backpack wouldn’t fit inside. Granted, I’m not the brightest soul on earth. Yes, stupidity knows no bounds. After a backbreaking two days, I finally decided to use one of the panniers to hold my backpack which was stuffed with GoPro mounts, five days’ worth of clothes, electronics and an extra pair of gloves. All of that fit comfortably in a single 26-litre pannier. I used the second pannier to store three bottles of water. This not only took the weight off my shoulders but also helped me push for longer durations without a break. On the quality front, the aluminium box panniers felt well built and ready to take a beating.

http://www.zigwheels.com/

Coming to answer the biggest question on every Royal Enfield sceptic’s mind. Was the bike reliable? Well, I never had any issues throughout the excursion aside from the brakes fading and the handle lock which wasn’t working. Some of the issues my colleagues came across were minor and easily fixed. Royal Enfield really seems to have worked on and ironed out most of the issues that plagued the previous-gen model. I’d even go as far as saying that the BSIV Himalayan Fi is among the best bikes Royal Enfield makes right now.

Also Read: Royal Enfield Coastal Trail 2019 – Soaking Up The Coast

Also Read: Royal Enfield Coastal Trail: In Pictures

White House calls for Fed to reverse US rate hikes – Economic Times

WASHINGTON/NEW YORK: U.S. President
Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market.

“Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 percent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!,” Trump tweeted.

The remarks were part of a new attack the White House has launched against the independent central bank in their unusual public split. The Fed’s Board of Governors did not immediately comment.

No fewer than five Fed officials this week have touted the underlying strength of the American economy and argued a recent spate of weak data on business activity is more likely to prove fleeting than lasting. None said they currently back a rate cut.

Prior administrations have taken care not to comment on Fed policy, but Trump has railed repeatedly against the U.S. central bank’s rate hikes. Friday’s comments were uniquely specific about the course of action now favored by the president.

The president’s top economic adviser said the White House would like the Fed to reverse some recent rate hikes and stop shrinking its bond holdings to protect the U.S. economy from weakness overseas. Some Fed policymakers and other economists have credited U.S.-China trade tensions or tariffs under the current administration as a factor behind the slowdown and market swings.

“This is our view. This is his view. This is my view,” National Economic Council Director Larry Kudlow told CNBC on Friday, confirming that he had told news website Axios that he would like the Fed to cut rates by a half-percentage point and stop cutting its bond holdings.

“The Federal Reserve is an independent central bank. They’re going to do what they’re going to do.”

Stephen Moore, a prospective presidential nominee to an open seat on the Fed Board, also weighed in on Friday.

He told Fox News that he would consider reversing the Fed’s December interest rate hike but said he was not necessarily in favor of the half-point rate cut recommended by Kudlow. Moore was quoted as saying he favored such a cut by the New York Times on Tuesday.

The Fed last week brought a three-year rate-hike cycle to an abrupt end as it abandoned projections for any further increases in borrowing costs this year and said it would stop shrinking its bond holdings in September.

The central bank bought bonds in the aftermath of the financial crisis to stimulate the economy but started letting those holdings run off in 2017 in an effort to put its policy back on normal footing.

While Kudlow said he felt the Fed had gone too far with rate hikes, he said the Trump administration was standing by Fed Chairman Jerome Powell.

“He’s our chairman. We’re not going to displace him.”

Govt notifies changes in GST credit utilization; auto retailers to get some relief – ETAuto.com

This may assuage the Indian automotive retail that has been suffering since September due to high inventory backlog.
This may assuage the Indian automotive retail that has been suffering since September due to high inventory backlog.

New Delhi: Government of India on Friday notified a new credit utilization process that may provide a onetime benefit to
automobile dealers and retailers by enhancing their
liquidity.

In the notification, government inserts new rule 88A that clarifies that the input of IGST has to be first used against output of IGST followed by set-off of IGST against either CGST or SGST as per the dealer’s requirement.

Vinkesh Gulati, Vice-President, FADA who led the discussion with the GST Commissionerate, said, “Dealers will not have to make cash payments if they have inputs. It will be a relief for auto dealers as the amount stuck for working capital due to inventories, will no longer be a worry.”

This is an update after the circular of February 1, which stated IGST has to be adjusted first and CGST and SGST later. However, with the new notification from government, IGST credit can be utilised first. The provision has been notified and soon it will be implemented on the GST network.

“Input tax credit on account of integrated tax shall first be utilised towards payment of integrated tax, and the amount remaining, if any, may be utilised towards the payment of central tax and State tax or Union territory tax, as the case may be, in any order,” read the government notification.

According to Amit Bhagat, Partner, indirect tax practice, Dhruva Advisor, the impact of the new rule will improve the
cash flow with automotive dealers. “Centre has to compensate the state now. Because most of the sales were local, IGST was getting accumulated. The whole process of cash flow for the central government will also be easier.”

This may assuage the Indian automotive retail that has been suffering since September due to high inventory backlog.

A dealer who wished to maintain anonymity said, “GST has been a major factor for increased working capital as well as financial pressure for dealers. Recent changes in GST had restricted our cash flow and made the whole condition worse.”

Dealer fraternity, however, is relieved now as the new rule will give a boost to their sentiments, thus helping them temporarily from the web of restricted cash flow.

Sachin Bansal fuels scooter sharing apps Vogo and Bounce with $6 Mn – Entrackr

In less than two months after investing $100 million in ride-hailing firm Ola, Flipkart’s co-founder Sachin Bansal is now backing scooter rental platforms Vogo and Bounce.

Bansal has reportedly made about $3-4 million debt investment in each firm. The investment is said to be part of money management exercise by Bansal holding firm BAC Acquisition.

The investment was part of BAC treasury operations, as per the company statement quoted by TOI report. BAC Acquisitions Private Limited was founded by Bansal and his IITD batchmate Ankit Agarwal, former Director at Bank of America, in December last year.

In January, Bansal had put in about Rs 50 crore ($7.05 million) into the entity. Earlier, Bansal had also lent Rs 500 crore to NBFCs Altico and Indostar.

Sachin Bansal has exited Flipkart with about $1 billion for his stakes in the e-commerce firm. Ever since several avenues had been announced where he planned to invest his money.

The development comes after Ola last year committed $100 million investment in Vogo to help it expand and finance 1 lakh scooters.

Both the firms will use the debt to finance scooters and hardware as they are most capital intensive part of their business.

Vogo is backed by investors including Stellaris Venture Partners and Matrix Partners India, Hero MotoCorp Chairman Pawan Munjal’s family office and Taxifosure founder Aprameya Radhakrishna.

Founded in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal, Vogo provides scooters on rent for short one-way trips with over 200 pick up points across Bengaluru and Hyderabad.

Whereas Bounce, which is own by WickedRide, count Sequoia and Accel as its investors. In November last year, Bounce had acquired bicycle sharing platform Ofo. It also offers motorbike rental services.

The Bengaluru-based firm is also in advance stage of talks to raise around $70- 100 million from new and existing investors.

Mumbai Youth Bags Rs 1.2 Crore Package at Google’s London Office. And No, He’s Not from IIT – News18

The coding enthusiast was called for an interview by Google after the company saw his profile on a programming website that hosts various competitive programming challenges.

Abdullah Khan, a 21-year-old engineering student from Mumbai was hired by Google after spotting him on a website that hosts online programming challenges.

His total package comes out to be Rs 1.2 crores. The six-figure package deal comprises the base salary of Rs 54.5 lakh (£60,000) per annum, 15 percent bonus and stock options worth Rs 58.9 lakh ($85,000) over four years.

The coding enthusiast is currently a student of Shree LR Tiwari Engineering College, Mira Road, Maharashtra. He was called for an interview by Google after the company saw his profile on a programming website that hosts various competitive programming challenges, as per a report. He will be joining Google’s site reliability engineering team in September.

Khan told TOI he was not expecting such an offer, “I used to participate as it was fun. I did not even know that firms check programmers’ profiles on such sites. I showed the email to my friend who knew someone who had received such an email in the past. I am looking forward to joining their team. It will be an amazing learning experience for me,” said Khan. Khan enjoys coding and has completed his schooling from Saudi Arabia. He moved to Mumbai after his Class 12 and tried to clear IIT but could not.

This is not the first time Google has offered big bucks for Indian talent. In the year 2018, the company offered Rs 1.2 crore pay package to Sneha Reddy, a student of Indian Institute of Technology at Hyderabad. This was reportedly the highest pay-package a graduate from IIT-H got since it was set up in the year 2008.

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Ford Puma compact SUV – Hyundai Creta Rival to unveil next week – IndiaCarNews

Ford Puma Rendering rear


The new Ford Puma SUV will be based on latest Fiesta’s platform.

Ford is gearing up for the global debut of the new-generation Kuga SUV, which is scheduled on April 2, 2019. What’s interesting is that Ford is also working on an all-new SUV for the global markets, which will be positioned above the EcoSport. The media reports claim that the new SUV is expected to measure around 4.2 meter in length. The Ford Puma SUV will take on the likes of Volkswagen T-Cross, Hyundai Creta and others.

The Ford Puma SUV will be based on the latest-gen Fiesta’s platform and is expected to be developed at the company’s plant in Craiova, in Romania. This platform also produces the EcoSport for developing markets. It is expected that the new Ford Puma SUV will be unveiled in the first week of April at an event in Amsterdam.

Ford Puma Rendering

Ford is aiming to fill the gap between the EcoSport and the Kuga SUV in international markets. It will be smaller than the Kuga SUV, but will sit above the EcoSport. The new Ford Puma is expected to be offered with 2 engine options – a 1.0-litre turbo-petrol and a 1.5-litre diesel. The new model is most likely to share platform, engine and gearboxes with the new-gen Fiesta hatchback.

For the Indian market, Ford has joined hands with Mahindra to develop an all-new C-segment SUV. This SUV will be based on the next-generation Mahindra XUV500 and is likely to be launched in the end of 2020. Adding to it, Ford and Mahindra are also in talks of developing a new 5-seater B-segment SUV that will rival the Hyundai Creta and Renault Duster.

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Maharashtra Congress leader’s son joins BJP

MUMBAI/PUNE: Congress leader
Sujay Vikhe Patil joined BJP in presence of chief minister Devendra Fadnavis and BJP state president Raosaheb Danve at MCA club in south Mumbai on Tuesday. Sujay joining BJP, is seen as a huge setback to the state Congress in
Ahmednagar known to be a Congress bastion.

Sujay, is son of opposition leader (Congress) in the state legislative assembly Radhakrishna Vikhe Patil and grandson of veteran Congress leader Balasaheb Vikhe Patil.

Sujay, a neurosurgeon, earlier this year, he had announced that he would be contesting the Lok Sabha polls this year whether or not the Congress gives him a ticket is likely to get BJP candidature to contest Lok Sabha poll from Ahmednagar.

Vikhe1

Sujay
joined BJP in presence of Maharashtra chief minister Devendra Fadnavis .

Chief minister Devendra Fadnavis while welcoming Sujay in the party, announced that the party will recommend Sujay’s candidature to the parliamentary board for the Ahemadnagar seat and confident that the party will not deny him a ticket. “I am confident that Sujay will win the seat with record break votes,” said Fadnavis.

Sujay had last week met state minister and BJP leader Girish Mahajan in Mumbai, sparking rumours of his entry into the ruling party, officially join the party on Tuesday.

While addressing the crowd at MCA club Sujay said, “Joining BJP was my own decision and I had to go against my father’s view.”

“Chief Minister Devendra Fadnavis stood behind me like a father figure, in my bad days. I am happy to join BJP,” added Sujay.